Zacks Investment Research Lowers BEST (NYSE:BEST) to Sell

Zacks Investment Research lowered shares of BEST (NYSE:BEST) from a hold rating to a sell rating in a research report report published on Friday morning, Zacks.com reports.

According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “

BEST has been the subject of several other reports. KeyCorp decreased their price objective on BEST from $8.00 to $7.00 and set an overweight rating for the company in a report on Wednesday, May 15th. Sanford C. Bernstein downgraded BEST from an outperform rating to a market perform rating and decreased their price objective for the company from $11.00 to $6.00 in a report on Tuesday, April 23rd.

NYSE:BEST opened at $4.39 on Friday. BEST has a twelve month low of $3.77 and a twelve month high of $8.58. The stock’s fifty day simple moving average is $5.02.

BEST (NYSE:BEST) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. BEST had a negative return on equity of 8.27% and a negative net margin of 1.04%. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same period last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, equities research analysts predict that BEST will post 0.03 EPS for the current year.

BEST Company Profile

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.

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